Adel-DeSoto-Minburn Community School District, IA (Aa3) stable credit profile is supported by strong resident income and a solid economic base with an expanding population leading to enrollment growth. Fund balance and cash are ample supported by strong financial management. Leverage and fixed costs are moderate and expected to remain so due to limited future borrowing plans.

On March 11 we affirmed the district's Aa3 issuer and GOULT ratings and assigned a Aa3 GOULT rating to the district's Series 2021 bonds.